prime minister benjamin netanyahu before jettingtocairofortalks with the president of egypt, mohammad morsi. the urgency underscored by the carnage in benghazi. rockets are lobbying back and forth. israeli air attacks killing 27 more palestinians bringing the death toll to 137 just in the last week. >> now a spokesman for hamas sounded cautiously optimistic that a cease-fire could be at hand telling cnn we are close, we are on the edge. cnn has reporters blanketing the region to bring you the most comprehensive coverage of this crisis in gaza. fred pleitgen is in ashkelon, ben wedemans in gaza city. ben wedeman, good morning, set the scene for me. >> reporter: yes, brooke, it was a noisezy night and we saw intense bombardment just behind where i'm standing. that was proceeded by increasing sort of mounting reports that a cease-fire was about to be announced or a period of calm. but it appears that there were problems within the israeli government that prime minister benjamin netanyahu and his foreign minister lieberman didn't see eye to eye with the defense minister who was

into the central squareincairotocall for an end to the new egyptian leader's regime. it was an enormous show of strength from the opposition that spent days blasting egypt he is new president, morsi. he upset just about everybody last week when he decided to give himself broad new powers that say his decisions don't need approval from any court. essentially he's above the law. really no different than a dictator. protests showed their across the country, some of them violent. street fighting this between demonstrators and police. president morsi tried to calm the criticism by promising to reserve his new powers for only the most important decisions. but that didn't appease the protesters. remember, just last week, the united states was publicly praising president morsi when he helped end the conflict between israel and gaza. the white house says president obama has not spoken to his egyptian counterpart since then and today the press secretary jay carney said basically the egyptians need to work this out themselves. there is no evidence that will happen any time soon. right now this enormous

-moon is headingtocairoforemergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield on on the ten year bund just a little bit higher. we're seeing a bit of buying taking place in the spanish and italian debt market on the ten year and a little bit of selling on on the gilt. the currency markets just to give you a full update on where we are, we have a relatively flat on slightly higher euro-dollar. so w

incairo. hillaryclinton will be arriving later this evening to have negotiations with her israeli counterparts as well as palestinian officials. she will also be heading to cairo to meet with morsi who is meeting with the u.n. secretary general and so every is hoping truth does stick. officials have been hinting there could be one in the next several hours. but on the ground, they are bracing for a possible ground invasion with thousands of soldiers on the border. back to you. >> stay with us over there. we'll be watching hopefully it doesn't happen, but a possibility. we appreciate your report. the nbc team over there, rich article ard engel, he must live in the area because he's always where needs to be. always things exploding around. >> when we come back, we'll talk more about the stories that are likely to drive today's trading, including the crisis in the middle east. we've also got earnings coming up and a speech from ben bernanke. we'll be talking about the looming fiscal cliff. we'll put them all into perspective. i'm glad we got cdw and cisco to design our data center. y

incairothatis packed with protestors, of course. he's trying to take on near absolute power, allowing him to legislate by decree. basically very little court oversight. he tried to walk some back, but it remains very contentious and one of the big puzzles for foreign policy at the white house. we're taking rise above on the road. are the elected representatives responsible for reaching aa deal on the fiscal cliff really speaking for their constituents? john harwood kicks it off with a visit to speaker boehner's home state of ohio. good morning. >> good morning, carl. here in the capital the fiscal cliff is an abstract policy debate, but in john boehner's district a tip into the recession would cause real economic pain. they've been working back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and hez colleagues in the congressional leadership have sounded con sill to her notes about their prospects. that sounds like good news in middl

a functioning, working relationship. and now hillary clinton's most important stop on this trip will beincairofortalk with his president morsi. >> this is will cain. dynamic between hamas and iran, we had an official on that said these missiles have three words on them "made in iran." we also have heard that hamas and iran have had a tense relationship since hamas supported the uprising in syria. what's that relationship and what's iran's role right now? >> absolutely. there are sectarian issues here. iran is predominantly shiite and hamas is predominantly sunni. the leader of hamas moved headquarters out of damascus and sided with the opposition. there is that real tension. in many ways, gaza reflects the kind of rivalry playing out in syria and elsewhere in the region. hamas relies on iran for military training and its most important weaponry, but there is this tension over syria. it's in syria's interest right now to see all the world's attention focused on gaza rather than on damascus to take some of the pressure off. these relationships in the region are shifting. part of what we're see

is to meet to halt violent protests. here's the latestfromcairo. >>for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise move ahead of the general election. he is going to stay on until the next administration is in place. and repre

under way right now. indications there may be a truce on the horizon. comingfromcairowhereegypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary of state hillary clinton. that's what's happening outside of gaza. here in gaza it still feels like a war footing. in the last couple of hours the iz rally israelis have warned of imminent attacks on homes and neighborhoods and forcing people to leave their cities and move into central gaza and an indication that a ground invasion may be imminent if a truce is not sealed within the next couple of hours. you can get a sense there's a great sense of fear among ordinary people of gaza that in coming hours it could go either one

incairo. teargas canisters in the air as sire sirens blare. egypt courts cannot overturn his decisions, decisions morsi has made since coming into office since june or in the next six months. one opponent says that can only lead to dictatorship. >>> the remains of former palestinian leader yasser arafat were exhumed this morning. many believe he was poisoned by israel when he died in 2004. now an international team of scientists will analyze tissue samples to see if they contain any traces of radioactive substance of plutonium. in fact, his cause of death was never determined. >>> many were without power, some for weeks, long island power authority says those figures were only estimates b e based on last year's usage and totals will eventually be adjusted. this as two more lippa leaders are on the way out, vice president of customer service is leaving at the end of the year and a member of the board of trustees has resigned weeks after the ceoo has stepped down. >>> inflight instructions by flight attendants, middle earth may be able to help. >> welcome aboard middle earth flight. bef

moreoncairo, egypt.that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas' military wing. the israelis say that it is in the driver's seat. it would not stop its aerial assault and not stop possible ground invasion unless hamas halts all rocket fire into southern israel. obviously you can imagine difficult road ahead. right now egypt is meeting with other key players in the region. including the prime minister of turkey, u.n. secretary general moon as well as the prime minister. intense negotiations to avert a ground war in the coming day. >> entire world watching. thank you very much. >>> when we come back, one analyst says the recent sell-off in apple is insanely insane. he is go